Market Overview

Restaurant Brands International Inc. Reports Second Quarter 2019 Results

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RBI announces system-wide sales growth of nearly 8% and surpasses 26,000 restaurants globally
BURGER KING® and POPEYES® deliver strong growth in global comparable sales and restaurant expansion
New partnerships announced to launch POPEYES® in China and Spain and TIM HORTONS® in Thailand

TORONTO, Aug. 2, 2019 /PRNewswire/ - Restaurant Brands International Inc. (NYSE:QSR, TSX:QSP) today reported financial results for the second quarter ended June 30, 2019.

Restaurant Brands International (CNW Group/Restaurant Brands International Inc.)

Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "During the second quarter, we grew global system-wide sales nearly 8% and crossed two restaurant milestones with more than 26,000 restaurants globally, including more than 18,000 Burger King restaurants."

"We are excited by the tremendous opportunity for restaurant growth in front of us, most recently highlighted by new partnerships we announced for Popeyes in China and Spain, and Tim Hortons in Thailand," continued Cil.  "We are working closely with our restaurant owners to deliver an enhanced guest experience including technology like delivery, kiosks and outdoor digital menu boards.  We also continue to attract leading talent in the industry to join our company and to contribute to our aspiration to build the most loved restaurant brands in the world."

Consolidated Operational Highlights


Three Months Ended June 30,



2019


2018

System-wide Sales Growth


(Unaudited)

TH



1.6 %



2.2 %

BK



9.8 %



8.4 %

PLK



8.8 %



10.7 %

Consolidated



7.9%



7.3 %

System-wide Sales (in US$ millions)







TH


$

1,716


$

1,742

BK


$

5,717


$

5,403

PLK


$

1,012


$

938

Consolidated


$

8,445


$

8,083

Net Restaurant Growth







TH



1.6 %



3.0 %

BK



5.8 %



6.4 %

PLK



6.1 %



7.5 %

Consolidated



5.0 %



5.8 %

System Restaurant Count at Period End







TH



4,872



4,794

BK



18,008



17,022

PLK



3,156



2,975

Consolidated



26,036



24,791

Comparable Sales







TH



0.5 %



— %

BK



3.6 %



1.8 %

PLK



3.0 %



2.9 %


Note: System-wide sales growth and comparable sales are calculated on a constant currency basis and include sales at franchise restaurants and company-owned restaurants. System-wide sales are driven by sales at franchise restaurants, as approximately 100% of current restaurants are franchised. We do not record franchise sales as revenues; however, our franchise revenues include royalties based on a percentage of franchise sales.

 

Consolidated Financial Highlights


Three Months Ended June 30,

(in US$ millions, except per share data)

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